Technology - Computer Hardware - NASDAQ - US
$ 6.7
-2.76 %
$ 701 M
Market Cap
-7.36
P/E
Corsair Gaming, Inc., together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software. It also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs, and others; and PC gaming software comprising iCUE for gamers and Elgato's streaming suite for streamers and content creators.[ Read More ]
The intrinsic value of one CRSR stock under the base case scenario is HIDDEN Compared to the current market price of 6.7 USD, Corsair Gaming, Inc. is HIDDEN
2. FUNDAMENTAL
ANALYSIS
Price Chart CRSR
FINANCIALS
1.46 B
REVENUE
9.69 M
OPERATING INCOME
3.19 M
NET INCOME
89.2 M
OPERATING CASH FLOW
-27 M
INVESTING CASH FLOW
-37.4 M
FINANCING CASH FLOW
304 M
REVENUE
-20.9 M
OPERATING INCOME
-44 M
NET INCOME
25.1 M
OPERATING CASH FLOW
-34.1 M
INVESTING CASH FLOW
-24.5 M
FINANCING CASH FLOW
Balance Sheet Decomposition
Corsair Gaming, Inc.
| Current Assets | 712 M |
| Cash & Short-Term Investments | 176 M |
| Receivables | 253 M |
| Other Current Assets | 283 M |
| Non-Current Assets | 646 M |
| Long-Term Investments | 0 |
| PP&E | 68.5 M |
| Other Non-Current Assets | 577 M |
| Current Liabilities | 418 M |
| Accounts Payable | 240 M |
| Short-Term Debt | 21.9 M |
| Other Current Liabilities | 157 M |
| Non-Current Liabilities | 245 M |
| Long-Term Debt | 225 M |
| Other Non-Current Liabilities | 20.4 M |
EFFICIENCY
Earnings Waterfall
Corsair Gaming, Inc.
| Revenue | 1.46 B |
| Cost Of Revenue | 1.1 B |
| Gross Profit | 360 M |
| Operating Expenses | 351 M |
| Operating Income | 9.69 M |
| Other Expenses | 6.5 M |
| Net Income | 3.19 M |
RATIOS
24.68%
GROSS MARGIN
0.66%
OPERATING MARGIN
0.22%
NET MARGIN
0.48%
ROE
0.23%
ROA
0.33%
ROIC
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis
Corsair Gaming, Inc.
| Net Income | 3.19 M |
| Depreciation & Amortization | 50.7 M |
| Capital Expenditures | -12.8 M |
| Stock-Based Compensation | 30.9 M |
| Change in Working Capital | 10.7 M |
| Others | -51.4 M |
| Free Cash Flow | 76.4 M |
Wall Street Analysts Price Targets
Corsair Gaming, Inc.
Wall Street analysts predict an average 1-year price target for CRSR of $13.2 , with forecasts ranging from a low of $8 to a high of $28 .
CRSR Lowest Price Target
Wall Street Target
8 USD
19.40%
CRSR Average Price Target
Wall Street Target
13.2 USD
97.01%
CRSR Highest Price Target
Wall Street Target
28 USD
317.91%
4. DIVIDEND ANALYSIS
0.45%
DIVIDEND YIELD
0 USD
DIVIDEND PER SHARE
5. COMPETITION
6. Ownership
Insider Ownership
Corsair Gaming, Inc.
Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
20.1 K USD 1
6-9 MONTHS
0 USD 0
9-12 MONTHS
53.7 K USD 1
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
| Date | Value | Insider | Amount | Avg Price |
|---|---|---|---|---|
|
4 months ago
Jul 05, 2024
|
Sell 20.1 K USD
|
Potter Michael G
Chief Financial Officer |
- 1947
|
10.33 USD |
|
10 months ago
Jan 08, 2024
|
Sell 53.7 K USD
|
La Thi L
President & COO |
- 3837
|
14 USD |
|
1 year ago
Sep 15, 2023
|
Sell 150 K USD
|
Potter Michael G
Chief Financial Officer |
- 10000
|
15.03 USD |
|
1 year ago
Jul 03, 2023
|
Sell 77.6 K USD
|
La Thi L
President & COO |
- 4387
|
17.6854 USD |
|
1 year ago
Jun 02, 2023
|
Sell 200 K USD
|
Potter Michael G
Chief Financial Officer |
- 10000
|
20 USD |
|
1 year ago
Jun 01, 2023
|
Sell 195 K USD
|
Potter Michael G
Chief Financial Officer |
- 10000
|
19.4813 USD |
|
1 year ago
May 18, 2023
|
Sell 200 K USD
|
Potter Michael G
Chief Financial Officer |
- 10000
|
20 USD |
|
1 year ago
May 16, 2023
|
Sell 77.3 K USD
|
Potter Michael G
Chief Financial Officer |
- 4088
|
18.9 USD |
|
1 year ago
Apr 03, 2023
|
Sell 90.7 K USD
|
La Thi L
|
- 5000
|
18.1424 USD |
|
1 year ago
Mar 01, 2023
|
Sell 172 K USD
|
Potter Michael G
Chief Financial Officer |
- 10000
|
17.2351 USD |
|
1 year ago
Jan 04, 2023
|
Sell 70 K USD
|
La Thi L
President & COO |
- 5000
|
14 USD |
|
1 year ago
Jan 04, 2023
|
Sell 49.8 K USD
|
Potter Michael G
Chief Financial Officer |
- 3585
|
13.8841 USD |
|
2 years ago
Nov 15, 2022
|
Bought 35 M USD
|
Corsair Group (Cayman), LP
Director |
+ 2121212
|
16.5 USD |
|
2 years ago
Nov 15, 2022
|
Bought 35 M USD
|
Bagaria Anup
Director |
+ 2121212
|
16.5 USD |
|
2 years ago
Nov 15, 2022
|
Bought 35 M USD
|
MAJOROS GEORGE L. Jr.
Director |
+ 2121212
|
16.5 USD |
|
2 years ago
May 11, 2022
|
Bought 580 K USD
|
Szteinbaum Samuel R.
director: |
+ 40000
|
14.5 USD |
|
3 years ago
Jul 01, 2021
|
Sell 247 K USD
|
Potter Michael G
Chief Financial Officer |
- 7500
|
32.9772 USD |
|
3 years ago
Jun 14, 2021
|
Sell 2.7 M USD
|
Corsair Group (Cayman), LP
10 percent owner |
- 68400
|
39.43 USD |
|
3 years ago
Jun 14, 2021
|
Sell 16.5 M USD
|
Corsair Group (Cayman), LP
10 percent owner |
- 433001
|
38.19 USD |
|
3 years ago
Jun 14, 2021
|
Sell 13.9 M USD
|
Corsair Group (Cayman), LP
10 percent owner |
- 372302
|
37.3 USD |
|
3 years ago
Jun 14, 2021
|
Sell 51.1 M USD
|
Corsair Group (Cayman), LP
10 percent owner |
- 1413808
|
36.17 USD |
|
3 years ago
Jun 15, 2021
|
Sell 7.6 M USD
|
Corsair Group (Cayman), LP
10 percent owner |
- 203771
|
37.31 USD |
|
3 years ago
Jun 15, 2021
|
Sell 8.02 M USD
|
Corsair Group (Cayman), LP
10 percent owner |
- 229218
|
35 USD |
|
3 years ago
Jun 14, 2021
|
Sell 2.7 M USD
|
MAJOROS GEORGE L. Jr.
director, 10 percent owner: |
- 68400
|
39.43 USD |
|
3 years ago
Jun 14, 2021
|
Sell 16.5 M USD
|
MAJOROS GEORGE L. Jr.
director, 10 percent owner: |
- 433001
|
38.19 USD |
|
3 years ago
Jun 14, 2021
|
Sell 13.9 M USD
|
MAJOROS GEORGE L. Jr.
director, 10 percent owner: |
- 372302
|
37.3 USD |
|
3 years ago
Jun 14, 2021
|
Sell 51.1 M USD
|
MAJOROS GEORGE L. Jr.
director, 10 percent owner: |
- 1413808
|
36.17 USD |
|
3 years ago
Jun 15, 2021
|
Sell 7.6 M USD
|
MAJOROS GEORGE L. Jr.
director, 10 percent owner: |
- 203771
|
37.31 USD |
|
3 years ago
Jun 15, 2021
|
Sell 8.02 M USD
|
MAJOROS GEORGE L. Jr.
director, 10 percent owner: |
- 229218
|
35 USD |
|
3 years ago
Jun 14, 2021
|
Sell 2.7 M USD
|
Bagaria Anup
director, 10 percent owner: |
- 68400
|
39.43 USD |
|
3 years ago
Jun 14, 2021
|
Sell 16.5 M USD
|
Bagaria Anup
director, 10 percent owner: |
- 433001
|
38.19 USD |
|
3 years ago
Jun 14, 2021
|
Sell 13.9 M USD
|
Bagaria Anup
director, 10 percent owner: |
- 372302
|
37.3 USD |
|
3 years ago
Jun 14, 2021
|
Sell 51.1 M USD
|
Bagaria Anup
director, 10 percent owner: |
- 1413808
|
36.17 USD |
|
3 years ago
Jun 15, 2021
|
Sell 7.6 M USD
|
Bagaria Anup
director, 10 percent owner: |
- 203771
|
37.31 USD |
|
3 years ago
Jun 15, 2021
|
Sell 8.02 M USD
|
Bagaria Anup
director, 10 percent owner: |
- 229218
|
35 USD |
|
3 years ago
Jun 14, 2021
|
Sell 7.29 M USD
|
Paul Andrew J.
Chief Executive Officer |
- 186467
|
39.0874 USD |
|
3 years ago
Jun 14, 2021
|
Sell 9.01 M USD
|
Paul Andrew J.
Chief Executive Officer |
- 222911
|
40.4385 USD |
|
3 years ago
Jun 14, 2021
|
Sell 4.07 M USD
|
Chevalier Bertrand
EVP of Gaming Products |
- 100000
|
40.7 USD |
|
3 years ago
Jun 03, 2021
|
Sell 2.22 M USD
|
Paul Andrew J.
Chief Executive Officer |
- 63533
|
35.003 USD |
|
3 years ago
Jun 03, 2021
|
Sell 2.22 M USD
|
Paul Andrew J.
Chief Executive Officer |
- 63533
|
35.003 USD |
|
3 years ago
Jun 03, 2021
|
Sell 3.5 M USD
|
La Thi L
See Remarks |
- 100000
|
35 USD |
|
3 years ago
Jun 03, 2021
|
Sell 159 M USD
|
Corsair Group (Cayman), LP
10 percent owner |
- 5000000
|
31.87 USD |
|
3 years ago
Jun 03, 2021
|
Sell 159 M USD
|
Bagaria Anup
director, 10 percent owner: |
- 5000000
|
31.87 USD |
|
3 years ago
Jun 03, 2021
|
Sell 159 M USD
|
MAJOROS GEORGE L. Jr.
director, 10 percent owner: |
- 5000000
|
31.87 USD |
|
3 years ago
Jun 01, 2021
|
Sell 239 K USD
|
Potter Michael G
Chief Financial Officer |
- 7500
|
31.8458 USD |
|
3 years ago
Jun 03, 2021
|
Sell 262 K USD
|
Potter Michael G
Chief Financial Officer |
- 7500
|
35 USD |
|
3 years ago
May 18, 2021
|
Sell 4.13 M USD
|
Chevalier Bertrand
EVP of Gaming Products |
- 125000
|
33.0033 USD |
|
3 years ago
May 10, 2021
|
Sell 246 K USD
|
Potter Michael G
Chief Financial Officer |
- 7500
|
32.8495 USD |
|
3 years ago
May 06, 2021
|
Sell 3.26 M USD
|
La Thi L
Chief Operating Officer |
- 100000
|
32.643 USD |
|
3 years ago
Apr 09, 2021
|
Bought 1 M USD
|
WEISENBURGER RANDALL J
Director |
+ 58823
|
17 USD |
|
3 years ago
Apr 09, 2021
|
Bought 1 M USD
|
WEISENBURGER RANDALL J
Director |
+ 58823
|
17 USD |
|
3 years ago
Jan 26, 2021
|
Sell 289 M USD
|
Corsair Group (Cayman), LP
10 percent owner |
- 8260000
|
35 USD |
|
3 years ago
Jan 26, 2021
|
Sell 289 M USD
|
Bagaria Anup
director, 10 percent owner: |
- 8260000
|
35 USD |
|
3 years ago
Jan 26, 2021
|
Sell 8.75 M USD
|
Paul Andrew J.
Chief Executive Officer |
- 250000
|
35 USD |
|
3 years ago
Jan 26, 2021
|
Sell 289 M USD
|
MAJOROS GEORGE L. Jr.
Director |
- 8260000
|
35 USD |
|
3 years ago
Jan 26, 2021
|
Sell 289 M USD
|
MAJOROS GEORGE L. Jr.
director, 10 percent owner: |
- 8260000
|
35 USD |
|
3 years ago
Jan 26, 2021
|
Sell 3.5 M USD
|
La Thi L
See Remarks |
- 100000
|
35 USD |
|
4 years ago
Oct 09, 2020
|
Sell 19.3 M USD
|
MAJOROS GEORGE L. Jr.
director, 10 percent owner: |
- 1135375
|
17 USD |
|
4 years ago
Oct 09, 2020
|
Sell 19.3 M USD
|
Bagaria Anup
director, 10 percent owner: |
- 1135375
|
17 USD |
|
4 years ago
Oct 09, 2020
|
Sell 19.3 M USD
|
Corsair Group (Cayman), LP
10 percent owner |
- 1135375
|
17 USD |
|
4 years ago
Sep 22, 2020
|
Sell 110 M USD
|
MAJOROS GEORGE L. Jr.
director, 10 percent owner: |
- 6500000
|
17 USD |
|
4 years ago
Sep 22, 2020
|
Sell 110 M USD
|
Corsair Group (Cayman), LP
10 percent owner |
- 6500000
|
17 USD |
|
4 years ago
Sep 22, 2020
|
Sell 110 M USD
|
Bagaria Anup
director, 10 percent owner: |
- 6500000
|
17 USD |
7. News
Corsair Gaming: Fanatec To Refuel Growth After Weak Q3
Corsair Gaming's Q3 results again showed incredibly weak component sales in anticipation of NVIDIA's 50-series GPUs, and a strong peripherals performance wasn't enough to offset the earnings loss from components. The acquisition of Fanatec seems strategically sound, coming in at a cheap price tag and high-growth potential. Fanatec's margin potential remains uncertain, though. The CRSR stock has some upside, but again falls within a margin of safety due to remaining short-term uncertainties.
seekingalpha.com
- 3 days ago
Corsair Gaming, Inc. (CRSR) Q3 2024 Earnings Call Transcript
Corsair Gaming, Inc. (CRSR) Q3 2024 Earnings Call Transcript
seekingalpha.com
- 1 week ago
Corsair Gaming to Report Q3 2024 Financial Results on November 6
MILPITAS, Calif.--(BUSINESS WIRE)---- $CRSR--Corsair Gaming, Inc. (Nasdaq: CRSR) (“Corsair” or the “Company”), a leading global provider and innovator of high-performance gear for gamers, streamers, content-creators, and gaming PC builders, today announced it will release its third quarter 2024 results and financial outlook after the Nasdaq close on Wednesday, November 6, 2024, with its management hosting a conference call to discuss results at 2:00 p.m. Pacific Time that same day. The 2:00 p.m. Pacific.
businesswire.com
- 2 weeks ago
Corsair Gaming: May Be Worth A Second Look, A 'Buy' From Me
Corsair Gaming's valuation is currently depressed, presenting a potential buying opportunity as the company is expected to benefit from upcoming product release cycles in 2025. Despite its cyclical earnings and lack of dividends, Corsair's low debt, market position, and growth potential make it a speculative "Buy" at $8/share. The gaming peripheral market remains strong, with Corsair's innovative products and brand loyalty driving future demand, especially with new game releases.
seekingalpha.com
- 4 weeks ago
CORSAIR Launches High-Performance Products in Multi-Year, Cross Brand Collaboration with Call of Duty®
MILPITAS, Calif.--(BUSINESS WIRE)---- $CRSR--CORSAIR® (Nasdaq: CRSR), a leading global developer and manufacturer of high-performance gear and technology for gamers, content creators, and PC enthusiasts, has begun to release the first products in its multi-year, full cross-brand collaboration with the critically acclaimed Call of Duty franchise. This powerful new integration sees two of the world's best-known gaming brands come together for the first time with the collaboration extending across multiple.
businesswire.com
- 1 month ago
Corsair Closed Acquisition of the Fanatec Product Line from Endor AG; Moves into Sim Racing's Pole Position
MILPITAS, Calif.--(BUSINESS WIRE)---- $CRSR--CORSAIR® (Nasdaq: CRSR) announced today it has closed its acquisition of the Fanatec Sim Racing brand and all associated personnel, in an asset purchase from Endor AG, creating a leading end-to-end premium Sim Racing product line. The Fanatec Sim Racing product line is known for setting the gold standard for excellence in force feedback steering wheels and wheelbases, pedals, shifters and other accessories for PlayStation, Xbox, and PC-based racing simulators,.
businesswire.com
- 1 month ago
CORSAIR Announces Exclusive Multi-Year, Cross Brand Partnership with Call of Duty® Franchise
MILPITAS, Calif.--(BUSINESS WIRE)---- $CRSR--CORSAIR® (NASDAQ:CRSR), a leading global developer and manufacturer of high-performance gear and technology for gamers, content creators, and PC enthusiasts, has announced an exclusive multi-year, full cross-brand partnership with the critically acclaimed Call of Duty® franchise. This powerful new integration sees two of the world's best-known gaming brands come together for the first time. The collaboration will include several Call of Duty titles, beginning.
businesswire.com
- 1 month ago
Corsair Gaming to Acquire Fanatec Sim Racing Brand, Stock Up
CRSR is set to boost its product range and expand market reach with the acquisition of the Fanatec Sim Racing brand, located in Germany.
zacks.com
- 2 months ago
Corsair Gaming: A Deeper Component Sales Disaster In Q2
Corsair Gaming reported sharp revenue and earnings decline in Q2, led by incredibly weak component sales due to macroeconomic reasons, retailer destocking, and anticipation of newer GPU releases in ~Q4. I still believe in a likely mid-term recovery in the segment, but the short-term outlook is still cloudy and incredibly risky with the lowered 2024 financial guidance. Corsair Gaming's stock has become undervalued considering a component sales recovery, but with the elevated risk profile, I remain with a Hold rating for the time being.
seekingalpha.com
- 3 months ago
New Strong Sell Stocks for August 2nd
AGCO, CRSR and DASH have been added to the Zacks Rank #5 (Strong Sell) List on August 2, 2024.
zacks.com
- 3 months ago
Corsair Gaming, Inc. (CRSR) Q2 2024 Earnings Call Transcript
Corsair Gaming, Inc. (NASDAQ:CRSR ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Ronald van Veen - Vice President of Finance and Investor Relations Andy Paul - Chief Executive Officer Michael Potter - Chief Financial Officer Conference Call Participants George Wang - Barclays Capital, Inc. Colin Sebastian - Baird Andrew Crum - Stifel, Nicolaus & Company, Inc. Doug Creutz - Cowen Aaron Lee - Macquarie Group Operator Good afternoon, everyone, and welcome to Corsair Gaming's Second Quarter 2024 Earnings Conference Call. As a reminder, today's call is being recorded, and your participation implies consent to such recording.
seekingalpha.com
- 3 months ago
Top 4 Tech Stocks That May Explode In July
The most oversold stocks in the information technology sector presents an opportunity to buy into undervalued companies. `
benzinga.com
- 3 months ago
8. Profile Summary
Corsair Gaming, Inc. CRSR
COUNTRY
US
INDUSTRY
Computer Hardware
MARKET CAP
$ 701 M
Dividend Yield
0.45%
Description
Corsair Gaming, Inc., together with its subsidiaries, designs, markets, and distributes gaming and streaming peripherals, components and systems in the Americas, Europe, the Middle East, and the Asia Pacific. The company offers gamer and creator peripherals, including gaming keyboards, mice, headsets, and controllers, as well as capture cards, stream decks, USB microphones, studio accessories, and EpocCam software. It also provides gaming components and systems comprising power supply units, cooling solutions, computer cases, and DRAM modules, as well as prebuilt and custom-built gaming PCs, and others; and PC gaming software comprising iCUE for gamers and Elgato's streaming suite for streamers and content creators. In addition, the company offers coaching and training, and other services. It sells its products through a network of distributors and retailers, including online retailers, as well as directly to consumers through its website. The company was incorporated in 1994 and is headquartered in Fremont, California. Corsair Gaming, Inc. is a subsidiary of Corsair Group (Cayman), LP.
Contact
47100 Bayside Parkway, Fremont, CA, 94538
https://www.corsair.com
IPO Date
Sept. 23, 2020
Employees
2387
Officers
Ms. Carina M. Tan J.D.
Vice President & General Counsel
Mr. Michael Buchanan
Senior Vice President of Worldwide Sales
Julian Fest
Senior Vice President of Streaming Products
Mr. Ronald Van Veen
Vice President of Finance & Investor Relations
Mr. Peter E. Hilliard
Chief Human Resources Officer
Mr. Bertrand Chevalier
Executive Vice President of Gaming Products
Ms. Thi L. La
President, Chief Operating Officer & Director
Mr. Matthew Hsu
Senior Vice President of System Products
Mr. Andrew J. Paul
Co-Founder, Chief Executive Officer & Director
Mr. Michael G. Potter
Chief Financial Officer & Principal Accounting Officer